Mercer Global Advisors Inc. ADV Sells 6,577 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mercer Global Advisors Inc. ADV reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,898 shares of the construction company’s stock after selling 6,577 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Taylor Morrison Home were worth $1,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMHC. Principal Financial Group Inc. boosted its holdings in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after buying an additional 69,222 shares in the last quarter. Northern Trust Corp boosted its stake in Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock valued at $102,235,000 after acquiring an additional 197,880 shares in the last quarter. Norges Bank purchased a new position in Taylor Morrison Home in the fourth quarter worth $93,810,000. Arrowstreet Capital Limited Partnership increased its position in shares of Taylor Morrison Home by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock worth $83,847,000 after purchasing an additional 20,908 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock valued at $76,835,000 after purchasing an additional 103,289 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America began coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $58.71 on Friday. The firm’s fifty day moving average is $58.45 and its two-hundred day moving average is $63.25. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 7.09 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $1.75 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.